Retirement plan

BDI RESOURCES 401(K) PLAN

Name: BDI RESOURCES 401(K) PLAN - BDI RESOURCES 401(K) PLAN (2020) Form 5500
Creator: BDI RESOURCES 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BDI RESOURCES 401(K) PLAN, BDI RESOURCES 401(K) PLAN

BDI RESOURCES 401(K) PLANEIN 76-0395708Plan #001PY 2020

3227 KNIGHT LN. - BAYTOWN, TX 775212878281-427-1166bdiresources.comLinkedIn51-200 employeesoil & energy

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+13.4% from 2019

Total participants

-28.5% from 2019

Average account balance

$18,624

+65.7% from 2019

Annual return

19.60%

+19.60 pp from 2019

Benchmarks

See 26,422 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,422 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.01M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$32K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

146.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$301K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.97%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$5886

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$15,594
EDWARDS AND LEATHERS, P.C.1 year Service code 49 · EIN 20-8739519	Other Services	$7,500
EDWARD JONES1 year Service code 27 · EIN 43-0345811	Advisory (Plan)	$5,853
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$16K

$278 / participant

Contract admin$16K100.0%

% of EOY assets

1.073%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EDWARDS AND LEATHERS, P.C.
Auditor EIN: 208739519
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,624

$98,766-81.1%

$149,730-87.6%

$79,852-76.7%

Participation rate

82.1%

75.8%+6.4pp

82.5%-0.3pp

69.6%+12.5pp

Annual return

19.60%

27.43%-7.8pp

276.70%-257.1pp

31.72%-12.1pp

Employer contribution / active EE

$2,460

$3,217-23.5%

$4,645-47.0%

$2,471-0.4%

Participant deferral / active EE

$7,075

$5,681+24.5%

$6,843+3.4%

$3,740+89.2%

Admin fee / account holder

$200

$6,052-96.7%

$9,310-97.9%

$5,306-96.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$15,594

EDWARDS AND LEATHERS, P.C.1 year

Service code 49 · EIN 20-8739519

Other Services

$7,500

EDWARD JONES1 year

Service code 27 · EIN 43-0345811

Advisory (Plan)

$5,853

WILSHIRE ASSOCIATES INCORPORATED2+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

BDI RESOURCES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BDI RESOURCES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion